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BudBlockz and Polygon Gain, While Bitcoin Depreciates

 1 year ago
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BudBlockz and Polygon Gain, While Bitcoin Depreciates

October 13, 2022
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If 2021 was the crypto summer for Bitcoin, 2022 is the crypto winter. Since January or thereabouts, the price of Bitcoin has steadily declined. For a few months now, the price of the coin has hovered around $20,000. A lot of people believed that would be the worst of it, and that the coin would still reach the heady heights it got to in 2021. 

But recent price movements have proven those people wrong. Bitcoin recently dropped to $19,000, showing that things could get even worse. Since Bitcoin influences the movement of prices on the market, it’s little wonder that most cryptocurrencies have also seen falling prices. From the biggest altcoins like Ethereum to meme coins and dogecoins, they have all seen red in the last six to eight months. 

However, some coins are appreciating, even as Bitcoin is falling. The biggest example of such coins is the $Blunt coin of BudBlockz. Perhaps the reason why $Blunt is rising is because of the project and its growing relevance, and not the macroeconomic conditions of the crypto market in general.

To put it simply, BudBlockz is a global market for cannabis enthusiasts. Twenty or fifteen years ago, it would have been completely unimaginable for products like BudBlockz to exist. That’s because cannabis was still widely illegal and frowned upon. But a lot has changed in the last ten to fifteen years, and it’s no longer a social (or even legal) taboo to be a cannabis enthusiast. Of course, this entirely depends on what state you find yourself in, but the fact that 27 US states have largely decriminalized cannabis usage means that cannabis acceptance is spreading across America. 

BudBlockz is simply a product that merges two of the most popular trends in America today; Web3 and cannabis use. With BudBlockz, cannabis enthusiasts can connect with the global cannabis market and indulge safely and securely. $Blunt is the native currency of BudBlockz and is the coin used to buy and sell products on this global market. That’s probably why the coin has continued to appreciate, despite the general fall of crypto prices. 

Another coin that is seeing massive growth, even during this crypto winter, is Polygon. In July, during the throes of the bear market, Polygon was up about 100%. Polygon is essentially a scaling platform built on top of the Eth chain and is mainly used for building sustainable Web3 infrastructure. 

As Web3 continues to gain traction, platforms like Polygon will continue to grow. The platform already has tonnes of protocols being built on it and regardless of the market’s posture, the number of protocols on it will only grow. This undaunted growth in the eyes of great economic adversity is probably the reason why investors have chosen to continue to place their bets on Polygon. 

But the big question remains – will this gamble work? Yes, BudBlockz and Polygon continue to grow in the face of adversity, but can that growth be sustained? The only real way to know would be to get involved and see where these products take us.  

Learn more about BudBlockz (BLUNT) at the links below:

Official Website: budblockz.io/ 

Presale Registration:: https://app.budblockz.io/sign-up 

Telegram Group: https://t.me/BudBlockz 

Discord Server: https://discord.gg/s7hBFgvTmN 

All BudBlockz Links: https://linktr.ee/budblockz


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